Joe Kaeser has been nominated to lead the Supervisory Board as chairman. Daimler will retain a minority stake of 35% in Daimler Truck Holding AG, of which a stake of 5% will be transferred to the Daimler Pension Trust. Daimler shareholders will receive one additional Daimler Truck Holding AG share for every two shares held. After the planned spin-off of Daimler Truck by the end of this year the shareholders of Daimler AG will hold a 65% stake in the new Daimler Truck Holding AG, which will then be listed on the stock exchange as an independent company. In this capacity, Stephan Unger will become a member of the Board of Management of Daimler Truck AG as per that date. New board division for customized financial services for Daimler Truck & Bus customers, headed by Stephan Unger, currently responsible for Finance & Controlling, Risk Management and Digital Mobility Solutions on the Board of Management of Daimler Mobility AG. Both executives will start their well-deserved retirement at the end of the year. Frank Reintjes, previously responsible for the Global Powertrain division, will accompany the realignment of Daimler Truck AG as a Senior Executive Advisor to the Chief Executive Officer until the end of the year. Sven Ennerst, previously responsible for Development, Purchasing and Region China, will pursue as General Representative China until the end of the year. Andreas Gorbach, currently Chief Executive Officer of the fuel cell joint venture cell centric with Volvo Group will join the Daimler Truck AG board to lead the Truck Technology Group. On April 26, 2021, Daimler Truck AG announced the composition of its new Board of Management and a series of significant management and organizational changes, set to take place as of July 1, 2021. Daimler would seek for Supervisory Board representation at Daimler Truck in line with the intended deconsolidation. Daimler Truck AG will have fully independent management and a stand-alone corporate governance. Under the terms, Daimler AG will issue 1 share for every two shares. ![]() ![]() The Board of Daimler AG (XTRA:DAI) announced the spin-off of a 65% stake in Daimler Truck AG on February 3, 2021.
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